User-friendly system for OMOs to be introduced

With a view to enhancing the effectiveness of monetary policy implementation as well as catering the current and future developments, a user-friendly system for open market operations (OMOs) would be introduced, the CBSL said.
This will be in line with a smooth transition to the new auction system by 2025. 
Further, an OMO auction schedule will be introduced in 2024 that helps create certainty on liquidity management among market participants.
The OMO auction schedule is an indicative calendar published in advance to the Participating Institutions to provide guidance on the dates on which the OMO auctions are to be conducted, typically to manage money market liquidity by the Central Bank.